Full text of G.13 Selected Interest Rates : December 9, 1970

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OPEN MARKET MONEY RATES AND BOND PRICES

G.13

A v e r a g e s of D a i l y F i g u r e s 1 /

O c t . 31

f e d e r a l Funds ( E f f e c t i v e R a t e ) * .

.

67IT~

Nov. 7
TOT

Weekly
Nov. 14
5.80

Nov. 21
5.70

Monthly
Nov.
Oct.
5.60
6.20

Nov. 28
5.16

Commercial p a p e r ( p r i m e , 4 t o 6 m o s . ) . . . . . .
F i n a n c e p a p e r p l a c e d d i r e c t l y (3 t o m o s . ) . . . .
B a n k e r s ' A c c e p t a n c e s ( p r i m e , 90 days . . — . . .

6.63
6.66
6.38

6.63
6.58
6.22

6.56
6.44
6.13

6.40
6.18
5.60

5.75
5.61
5.38

Prime Loan R a t e ( L e a d i n g C i t y Banks) . . . . . .

7.50

7.50

7.25-

7.25

l.OOnl

S t o c k Exchange c a l l l o a n s — g o i n g r a t e .

7.75

7.75

7.75

7.25

7.00

j
1

. . . . .

D i s c o u n t r a t e ( F e d e r a l R e s e r v e Bank of New York)

6.00

Y i e l d s on U. S. Government S e c u r i t i e s
Auction average:
3-month b i l l s .
6-month b i l l s .

5.831
6.116

Market y i e l d : * *
3-month b i l l s
6-month b i l l s
1-year b i l l s

6.00

653
772

6.85
6.76
6.54

6.31
6.16
5.79

7.75

7.40

5.75^

5.75

5.75

5.459
5.653

5.281
5.406

4.760
4.855

5.927
6.251

5.288
5.422

. . . . .. • • • •

5.84

6.08
6.16

5.56
5.80
5.86

5.48
5.69
5.65

5.19
5.32
5.22

4.98
5.03
4.98

5.90
6.21
6.23

5.28
5.42
5.39

Market y i e l d :
O t h e r t a x a b l e i s s u e s , 9 t o 12 months . .
Taxable i s s u e s , 3 to 5 years
Bonds--Long-term t a x a b l e 2/

6.20
7.03
6.65

6.03
6.84
6.49

5.81
6.67
6.39

5.34
6.26
6.19

5.04
5.84
5.97

6.34
7.06
6.59

5.52
6.37
6.24

P r i c e of L o n g - t e r m T r e a s u r y bonds 3 / . . . ,

59.97

61.20

62.02

63.69

65.62

60.44

63.27

Average y i e l d s on c o r p o r a t e bonds ( M o o d y ' s ) .
Aaa
Baa

8.64
8.07
9.34

8.68
8.09
9.38

8.67
8.07
9.41

8.64
8.05
9.38

8.62
8.02
9.37

8.63
8.03
9.33

8.65
8.05
9.38

S t a t e and L o c a l Government Aaa (Moody's) . ,

5.85

6.00

5.95

5.85

5.35

6.07

5.79

Average of d a i l y f i g u r e s e x c e p t s t a t e and l o c a l Governments, which a r e b a s e d on Thursday f i g u r e s .
I n c l u d e s a l l bonds m a t u r i n g o r c a l l a b l e i n 10 y e a r s o r more.
1/
3 / P r i c e s d e r i v e d f r o m a v e r a g e m a r k e t y i e l d s on t h e b a s i s of an assumed 3 p e r c e n t , 2 0 - y e a r bond.
D a i l y a v e r a g e s a r e b a s e d on number of c a l e n d a r days i n p e r i o d .
* * B i l l s quoted on bank d i s c o u n t b a s i s .
5 / E f f e c t i v e November 12.
4 / E f f e c t i v e November 12, and November 2 3 .
December 9 , 1970
FINANCE SECTION, FEDERAL RESERVE BOARD
Digitized forGOVERNMENT
FRASER